Room 02 · Briefing
Market briefing
Below trend, narrow participation, fear elevated, deep below the peak, falling month.
Week of 23 Oct 2026 · 0 of 5 · Risk-off
28% of stocks above trend, 0 of 5 conditions met.
Five questions, answered
How far from flipping
Each condition on its own scale: the dot is this week's reading (filled when the condition is met), the bar is the gap to the line that decides it, and the figure on the right is what it would take to flip. Descriptive: where the lines sit this week, not a forecast.
- TrendNot met
Nifty 50 above its 200-day average
+6.8%Nifty 50 move to pass
Passes above 24,142, the 200-day average.
- BreadthNot met
At least half the Nifty 500 above their 200-day average
111stocks to pass
Passes once 111 more stocks close above their 200-day average.
- FearNot met
India VIX below its 70th percentile
−0.57VIX points to pass
Passes if India VIX closes below 16.29, its 70th percentile so far (now 16.86).
- DepthNot met
Nifty 50 within 10% of its peak
+4.8%Nifty 50 move to pass
Passes above 23,696, 10% below the record close.
- MomentumNot met
Nifty 50 up over one month
+3.8%Nifty 50 move to pass
Passes above 23,447, the close a month ago.
The levels that decide them
The Nifty 50 close (the bold line) against every price a condition uses, each with its distance from the close. The shaded stretch of the axis is where depth holds: within 10% of the record.
| Record close · 26,329 | +16.5% from the close · depth measures from here |
|---|---|
| 200-day average · 24,142 | +6.8% from the close · trend flips here |
| 50-day average · 23,441 | +3.7% from the close |
| Close a month ago · 23,447 | +3.7% from the close · momentum flips here |
| 10% below the record · 23,696 | +4.8% from the close · depth flips here |
| 20% below the record · 21,063 | −6.8% from the close · a bear market |
| Nifty 50 close · 22,600 | week of 23 Oct 2026 |
What changed
Bars share one scale. Click a bar for the names; the last column shows each row's net over the past thirteen weeks, this week brightest.
- MetalsLeading → Weakening
- ServicesImproving → Leading
- CementLagging → Improving
- ITImproving → Leading
- RealtyImproving → Leading
Where the strength is
Leader turnover
This week's leaders against last week's: who joined, who fell out (dashed), and the sectors leadership comes from. Click a name for the Lens.
34 leaders · +7 joined · −111 left · 27 held on
- Other34
Correlation weather
The average correlation between Nifty 100 stocks over 26 weeks of returns. High: one tide moves everything and picking matters less. Low: stock selection carries more weight.
Above both the 50- and 200-day averages and within 5% of a 52-week high.
| Stock | Sector | vs 200-day | vs 50-day | From 52w high | 1M (latest) |
|---|---|---|---|---|---|
| DSKULKARNI | – | +120.2% | +55.2% | 0.0% | – |
| QUINTEGRA | – | +90.8% | +85.0% | 0.0% | – |
| SSWL | – | +83.4% | +30.3% | 0.0% | – |
| MAHASTEEL | – | +56.0% | +22.6% | 0.0% | – |
| KROSS | – | +50.4% | +29.8% | 0.0% | – |
| CYIENT | – | +27.7% | +16.3% | 0.0% | – |
| ANANDRATHI | – | +21.6% | +3.1% | 0.0% | – |
| PASHUPATI | – | +19.3% | +28.0% | 0.0% | – |
| IGIL | – | +14.0% | +16.4% | 0.0% | – |
| KALYANI | – | +4.1% | +1.4% | 0.0% | – |
| INDHOTEL | – | +13.7% | +7.4% | −0.1% | – |
| MGEL | – | +21.0% | +10.4% | −0.2% | – |
| OMFREIGHT | – | +24.6% | +15.8% | −1.2% | – |
| SKYGOLD | – | +91.9% | +24.5% | −1.3% | – |
| TECHM | – | +20.6% | +13.7% | −1.6% | – |
| ORIENTHOT | – | +30.6% | +8.8% | −1.6% | – |
| PVRINOX | – | +30.3% | +10.5% | −1.7% | – |
| ONELIFECAP | – | +90.9% | +32.6% | −1.8% | – |
| HITECHCORP | – | +70.0% | +17.9% | −1.9% | – |
| GCSL | – | +63.3% | +18.4% | −1.9% | – |
| PANACHE | – | +62.6% | +19.0% | −2.5% | – |
| PCJEWELLER | – | +76.1% | +42.0% | −2.5% | – |
| IPCALAB | – | +17.9% | +1.5% | −2.8% | – |
| GLOBAL | – | +33.4% | +11.7% | −3.3% | – |
| CASTROLIND | – | +7.8% | +1.4% | −3.5% | – |
| SHIVAUM | – | +42.4% | +10.1% | −3.5% | – |
| DHANBANK | – | +22.0% | +12.8% | −3.6% | – |
| NAZARA | – | +33.1% | +7.8% | −3.8% | – |
| KOTAKBANK | – | +7.7% | +3.2% | −3.9% | – |
| NINSYS | – | +48.0% | +16.8% | −4.2% | – |
| CRISIL | – | +9.9% | +3.9% | −4.5% | – |
| ICICIBANK | – | +3.6% | +0.9% | −4.5% | – |
| LAURUSLABS | – | +39.0% | +1.5% | −4.8% | – |
| GRWRHITECH | – | +30.1% | +1.5% | −4.9% | – |
The night before
- S&P 500close 23 Oct−0.13%7,653.2US large caps fell.
- Nasdaq Compositeclose 23 Oct+0.29%26,084Tech-heavy US shares rose.
- Nikkei 225close 23 Oct−0.34%62,693Japan weak in Asia's morning.
- Hang Sengclose 23 Oct+0.69%23,093Hong Kong up.
- Brent crudeclose 23 Oct+2.48%111.4Dearer crude raises India's import bill.
- USD / INRclose 23 Oct+0.13%94.93A weaker rupee helps exporters (IT, pharma) and squeezes importers.
- US 10Y yieldclose 23 Oct+0.79%4.992Higher US yields tighten global money.
- Dollar indexclose 23 Oct+0.10%101.7A stronger dollar tends to weigh on emerging markets.
- Goldclose 23 Oct−1.03%4,018.5Gold softer: less demand for safety.
Who bought, who sold, who is short
Foreign investors were net buyers of ₹888 cr in cash on 23-Oct-2026; domestic institutions absorbed ₹3,235 cr. In index futures, only 10% of foreign positions are long.
Cash market, net
Provisional, ₹ crore · 23-Oct-2026
Index futures, open interest
Contracts by participant · 23 Oct 2026
The trading day, in IST
Regular sessions converted to IST for today, with daylight saving applied. Exchange holidays are not modelled.
Read from rbi.org.in on 23 Oct 2026. An observation, not an effective date.
Cash figures are NSE's provisional FII/FPI and DII trading activity for the date shown. Futures open interest is from NSE's participant-wise file for index futures; a long share below 50% means more short than long contracts. Positions can hedge holdings elsewhere, so a short is not necessarily a directional bet.
Every reading, in context
In one paragraphThe Nifty 50 flies 6.4% below its 200-day average, sinking at 3.6% a month. Nose down: 28% of stocks are above their own line, banked toward small caps (33% vs 21%). Fear reads 16.9, higher than 73% of its history to date. Altitude lost from the peak: 14.2%, a correction. Heading Telecom; the weakest bearing is Utilities.
Condition not met. Nifty 50 against its 200-day average. Shaded: above the line.
Condition not met. Nifty 500 stocks above their own 200-day average. Small caps 33%, large caps 21%.
Condition not met. India VIX, at the 73rd percentile of its history to date. The line is that percentile; below the 70th passes.
Condition not met. Nifty 50 below its highest close so far. Within 10% of the peak passes.
Condition not met. Nifty 50's change over the last month. A rising month passes.
Sectors in the Leading quadrant each week (now 7 of 21). The leader has the strongest relative trend and momentum.
07 · Radar · live
The world, on one clock.
Each blip is a market, placed at the hour it trades in IST and pushed outward when it rose, inward when it fell. The sweep is the time now; quotes refresh every two minutes.
Hover a blip to read it. Markets trading right now pulse, and their session arc on the rim is lit.